Fiscal Policy, the Real Exchange Rate and Commodity Prices /

The role of the international commodity market in transmitting disturbances is considered in a model that incorporates commodities as an input in production. The analysis employs a three-country framework: a liquidity-constrained commodity supplier and two industrial countries that import the commod...

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Détails bibliographiques
Auteur principal: Reinhart, Carmen
Format: Revue
Langue:English
Publié: Washington, D.C. : International Monetary Fund, 1990.
Collection:IMF Working Papers; Working Paper ; No. 1990/091
Accès en ligne:Full text available on IMF
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245 1 0 |a Fiscal Policy, the Real Exchange Rate and Commodity Prices /  |c Carmen Reinhart. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1990. 
300 |a 1 online resource (20 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a The role of the international commodity market in transmitting disturbances is considered in a model that incorporates commodities as an input in production. The analysis employs a three-country framework: a liquidity-constrained commodity supplier and two industrial countries that import the commodity, export differentiated manufactured goods and hold the outstanding debt of the commodity exporter. In this setting the impact of changes in fiscal policy, commodity supplies, and the real interest rate are assessed. Particular attention is paid to the responses of the real exchange rate, commodity prices, and the international distribution of debt to the various shocks. 
538 |a Mode of access: Internet 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1990/091 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1990/091/001.1990.issue-091-en.xml  |z IMF e-Library